'OctOver' 🤦
In today’s edition: 🥇 Gold shines as bitcoin dips, 📈 Bitwise lays groundwork for XRP ETF, 🧠 Bittensor: A crypto/AI game changer? And more!
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Could Bittensor End Up Being the Only Crypto/AI Project That Matters?
Bittensor, a decentralized AI project, is gaining attention as one of the most promising intersections of AI and crypto.
AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies.
In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Tikta and Juan Aranovich
$500 Million Liquidated From Crypto Markets Cools ‘Uptober’ Enthusiasm
Bitcoin’s drop below $61,000 triggered more than $500 million worth of liquidations over the last 24 hours.
Investors Ditch Bitcoin, Scoop Up Gold, as Iran-Israel Tensions Escalate
The price of bitcoin falls as geopolitical tensions rise between Iran and Israel, with investors turning to gold as a safe haven.
Bitwise Registers XRP ETF Trust in Delaware: Report
Crypto-focused asset manager Bitwise has taken the first steps towards launching an XRP ETF.
Daily Bits… ✍️✍️✍
📉 Founders of collapsed crypto hedge fund Three Arrows Capital launched a memecoin called Three Arrowz Capitel, but the token has crashed by over 70% from its all-time high, raising concerns about insider control and transparency.
💸 Bitcoin ETFs saw significant outflows of $242.6 million on Tuesday, marking the largest outflow since early September, as geopolitical tensions in the Middle East escalated.
👔 Hip-hop star Sean "Diddy" Combs hired the same lawyer who defended crypto figure Sam Bankman-Fried to appeal his detention, as he faces charges of racketeering and sex trafficking.
🔐 A US judge ruled in favor of the SEC against Rivetz, a crypto wallet firm, for selling unregistered securities, moving the case closer to a final judgment on penalties.
🪂 Justin Sun received an $8.75 million airdrop from EigenLayer following the lifting of transfer restrictions on its EIGEN token, now tradable on various exchanges.
👥 World Liberty Financial, backed by former U.S. president Donald Trump, announced that "thousands" signed up for its whitelist on the first day, sparking mixed reactions from both crypto supporters and critics.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 4%, trading at $63,840
ETH is down 6.8%, trading at $2,634
BTC dominance: 54%
Crypto market cap: $2.24T
*All data as of today, 06:12 am ET. Source: CoinGecko
Recommended Reads
Matt Hougan, chief investment officer at Bitwise, on bitcoin & gold allocation in portfolios
The crypto market right now is a fake boom economy built on VC money and parties by Kavita Gupta, founder and general partner of Delta Blockchain Fund
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